How to avoid typical pitfalls and start making more money in your forex trading
Fiorenzo Fontana, a trader and analyst at UBS wrote a very interesting article containing a lot of tips on how to avoid typical pitfalls and start making more money in forex trading. All of his tips are very interesting and useful. Some of the less known are as follows: Trade pairs, not currencies Don t place very tight orders Use reasonable stop losses Increase your leverage in line with your experience and success Don t trade during off peak hours The best time to trade is when news is released If you place a trade and it s not working out for you, get out Trade in the direction the price is going Learn the business before you trade - possibly the most important tip!
A no-charge way to find out about overbought and oversold markets
I ve come across a complimentary alerts service for traders wanting to get a heads up on overbought and oversold currency markets, and I wanted to let you know about it right now. Forex Trade Risk Management is based in Washington, Vancouver and every few days they put out these Alerts which give traders a very good idea of how the currency markets are going to behave in the coming days. They use new technology called Sigma Bands, based on the work of J.M.
How to Trade with Elliott Waves
What should you know to make Elliott Waves work for you? Robert Prechter from Elliott Wave International suggests the following: The key to Elliott Wave patterns is that the market goes three steps forward for every two steps back. If you do not get scared by the two steps back, and if you are not euphorically confident after the third step forward, you re light years ahead of the pack. Click on this link to learn more about Elliott Waves and see an example of a trade that was made by using this powerful concept.
Fibonacci Numbers and the Golden Ratio - 3 Tips for Greater Trading Profits
By Stephen Todd In this report, we will look at the history and background of Fibonacci numbers and The Golden Ratio. We will then outline three specific money management tips that can help increase your profit potential. Support and resistance levels are an important consideration for most traders to help identify entry and exit points when trading. Fibonacci percentage retracement levels based upon the Fibonacci number sequence and golden ratio are very popular with many traders but what are they exactly?
How To Become A Successful Forex Trader
What are the four ingredients in the recipe for forex trading success? Ovidiu Garvasuc explains that in his article The 4 Wheels That Take A Forex Trader To Success. According to Ovidiu, the most important requirements in order to be a succesful forex trader is not the knowledge of complicated technical indicators and proficiency at using them. Much more important are certain character traits, such as: will discipine self-control honesty The most important piece of advice from Ovidiu - don t argue with the market...
Pivot Points in Forex: Mapping Your Time Frame
Raul Lopez wrote a great article on using pivot points in forex trading. Pivot point indicates the sentiment of traders and investors at any given moment and gives a general idea of where the market is heading during the day. It is a level at which the sentiment of traders and investors changes from bull to bear or vice versa. Pivot points are very popular among both individual traders, investors, banks and institutional traders because they are considered to be an important measure of strength and weakness of any market.
Forex Trading: Incorporating Price Behavior into a Forex Trading System
By Raul Lopez Trading the Forex market has became very popular in the last few years. But how difficult is it to achieve success in the Forex trading arena? Or let me rephrase this question, how many traders achieve consistent profitable results trading the Forex market? Unfortunately very few, only 5 of traders achieve this goal. One of the main reasons of this is because Forex traders focus in the wrong information to make their trading decisions and totally forget about the most important factor: Price behavior.
Sneak peek trading video on Instant Profits
If you re already happy with your trading results, then - Congratulations! - you don t need to read this posting... This message is ONLY for serious traders, beginners or experienced, that have been looking for a hands-on, step-by-step, A to Z, trading method designed to work in any time frame and any market. If this sounds like you, keep reading to get your paws on a meaty sneak peek of this dynamic video trading course Instant Profits ...
Learn secrets of the most successful Fibonacci traders
Bank Big Profits When You Arm Yourself With a 5, 000 Year-Old Secret Weapon to Pinpoint Key Market Turning Points With the Skill of a Military Marksman! No, it s not some metaphysical mumbo-jumbo. And it s not some mathematical equation that requires the I.Q. of a rocket scientist, either. It s real. It s easy. And it s possible, whether you re a newbie or a seasoned trader. You may have heard of this ageless formula before, too.
TRADING: A MIND GAME
TRADING: A MIND GAME Must change my mental attitude first from a normal person to that of a speculator. Almost all traders simply waste all their time trying to learn the easiest part in perfection, like about how to read data and charts, and trying to perfect entry and exit skills, etc. Trading is a mind game and without having a right frame of mind, it is a losing game even before it starts. Training a trader s mind is the first step for any successful trader but almost all new traders neglect that part and that explains why more than 95 of traders are a failure in the long run.
